Industry gains as Airbus inks $2.8 Bn contract with India

A large number of detail parts, sub-assemblies and major component assemblies of aero structure are scheduled to be manufactured in India. The programme will act as a catalyst in employment generation in the aerospace ecosystem of the country and is expected to generate 600 highly skilled jobs directly, over 3000 indirect jobs and an additional 3000 medium skill employment opportunities with more than 42.5 lakh man hours of work within the aerospace and defence sector of India.

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RFP soon on Indian submarine project

India ready to issue a formal tender for a multi-billion dollar project to make six new-generation stealth submarines. A foreign manufacturer will tie-up with an Indian partner to make these under-sea vessels for nearly $ 7 Billion.

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